We’re thrilled to announce the successful closure of our funding round led by Metsä Group’s innovation arm, Metsä Spring, as well as EIT InnoEnergy. We extend our heartfelt gratitude to our investors for their trust and belief in our innovative approach.
Read the official press release here: Metsä Group invests in startup FineCell that produces pulp-based materials for beauty, healthcare, and paint products (metsagroup.com)
This fresh injection of funds, totaling €1M, will be instrumental in advancing our research in material applications, engaging with potential customers, and finalizing the blueprint for a demo production facility set to launch during 2025.
What sets FineCell apart is our cutting-edge technology producing dry cellulose powder and hydrogels for applications in beauty, healthcare, and paints.
Larger-scale test production is slated for 2025, with full commercial production on the horizon for 2027. We’ve already engaged with global brands seeking sustainable alternatives for their consumer products, marking a pivotal moment in our journey.
“Our goal is to revolutionize industries by replacing fossil-based materials with our biobased alternatives. This funding propels us into the next phase, and we can’t wait to make a significant impact on the products shaping our daily lives,” shares Peter Axegård, CEO of FineCell.
Stay tuned as we embark on this exciting chapter in our story!